I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Thursday 2 April 2020

I Am Scare Of Mr Market So I Did This Before I Finally Retire

Sometime in life, it may be better to regret NOT making more than to feel sorry in bad state!

Rotting cash reserve in the bank earning very low return as liquidity to fund few years of household expenses and to avoid any asset draw-down during market low!


  1. Uncle8888,

    FIRE people call this "cash shield" ... a key method to handle bad sequence of returns risk.

    However yours a bit overboard to many. Can call it "KS shield" ... better than Cpt America's. LOL!

    In S'pore we can play with 3 shields: cash, yield, and CPF. Each layer can adjust for different thickness, depending on one's unique situation & psychology.

    There's also a "jiak lat shield" ... "go back to work shield"! šŸ˜… No wonder gahmen keep on increasing employment age to 70 and beyond! šŸ˜¬

    1. CW,

      Well, you're the model ant ;)

      If don't have cash stored up, how to survive winter?

      When ants hate cash (yield close to nothing), and mock at other ants that store cash, little did they know they are ants trying to mimic grasshoppers...

      Grasshoppers don't survive winter; at least they enjoyed summer!

    2. Those ants on leveraged food storage provided by their brokers has to worry over prolong and harsh winter. During Summer, stop listening to "Grasshopper" telling us "Don't worry! Leverage up for more food. It won't rot!"

    3. CW,

      Ants have also found out the hard way "investing" into companies using debt for stock buybacks or as leverage to juice up dividends are great in summer. Not so in winter.

      Cash rich companies are not sexy in summer as ROI is dragged down by cash yielding practically nothing... But in winter, story different ;)

  2. actually the cash is not really rotting for me. My Ocbc account and uob account, if u add on all the credit card for my fuel n other expenses, return still not really consider rotting.

    I keep lots of physical silver n gold. N some in vault and that is not only rotting but have to pay storage fees. Lagi worst

  3. I don't feel the pain of year-on-year inflation, but when portfolio falls by 10 to 20% in weeks. Walau!

  4. I don't have another decade to build my wealth before retirement.. I took a drastic measure to raise my cash holding to 50% and investment grade bond to 10% of my liquid networth. Leaving 40% in stock(reit) and non-investment bond. I will be bunkering down for the long haul if this crisis become another 1929 depression..

    1. That was how I felt in 2008 GFC. Raise cash and kept it safe in saving account to fund my two children university studying starting July 2009. Scary time when everyday I was reminded by news that it could be Depression 2.0! COVID-19 is Depression 2.0+++! More scary for those who have near term high expenses coming in 2021/2022

    2. I believe depression 2.0 is highly probable ..it is almost a century ago when depression happened in 1929.. same as a global pandemic which occur 102 years ago with 1918 Spanish flu.
      Right now on TV front, we are seeing unprecedented events like schools are closing all over, all cruise ships have stopped sailing, cross-atlantic passenger airplanes stop flying since modern aviation was available, all sport events like NBA in US , soccer games all over Europe cancelled, all top tourist attractions emptied , all entertainments like Casino ,concert hall closed down, brothel and Broadways for the first time are lighting out. Large numbers of workers would lose employment in coming months and will never find a job again...Singapore has no natural resource to hunker down the coming storm and rely completely on free flow of capital and open international commerce for its prosperity since independence..When global economy abruptly stopped, damage is already done because this crisis is going to last for months but its scar will last for decades.... Most Spore businesses are not setup to last without 2 months of revenue... we have a backdrop that companies and personal debt is at the highest level in 2020..Some will lose their entire fortune including the old fortunes.. When stock market reacted so violently , it is already predicting a tsunami of business failure and personal bankruptcy resulting in financial meltdown...

    3. if you google “idiot” and go to images!

      Just talk to someone who told me to pray for Trump. But I tell him will pray for God’s will and if that includes Trump let it be. If not, I cannot prioritize praying for Trump.

  5. WB is no longer as sharp! Just look at his recent investments!

    He is good bcos of his strong foundation in the early days. Times change.

    People still think v highly about him, bcos he is rich more than his recent results.


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